Innovative Retail, which runs BigBasket, has more than doubled its business to cross the INR 1,000-crore sales mark in FY17, indicating the growing preference for online grocery-shopping in India despite sluggish trends in the broader consumer market. Innovative Retail reported revenues of INR 1,090 crore in the year to March 2017, translating into a 107% jump from INR 527 crore…

US lifestyle and footwear brand Skechers has filed cases against ecommerce marketplace Flipkart and four sellers on its platform for allegedly selling its counterfeit products, an issue that has grown exponentially after the rise of online marketplaces in India. Skechers, with the help of court-appointed local commissioners, raided seven warehouses in Delhi and Ahmedabad to recover fake merchandise from sellers…

Starbucks Corp., the world's largest coffee retailer, posted its slowest sales growth in India last year, likely indicating that its novelty factor is waning as it focuses on profitability and halts aggressive expansion. Tata Starbucks, the unit in India formed in partnership with the Tata Group, clocked net sales of Rs 272 crore, a growth of 14%, during the year…

Tata Group is venturing into online grocery business under Starquik brand, taking on Amazon and Bigbasket in a nascent yet rapidly growing market. A pilot venture will be rolled out within the next two months as an online channel for Trent Hypermarket, an equal joint venture between Tata and British retailer Tesco, said two people privy with the development. Tata…

As India being world’s second most populated country, it is an attractive market for US and European brands and has attracted some of the world’s largest private labels that are banking on young consumers increasingly embracing western-style clothing. Swedish fashion retailer Hennes & Mauritz’s formerly known as H&M sales in India during the six months ended May exceeded that of…

The world's largest clothing brand Zara, entered the country in 2010 and initially doubled sales every two years. With average sales per INR 50 crore, the apparel retailer's performance is even higher than India's largest jewellery chain, Tanishq. More Zara stores are planned over the next three to four years in the major cities, after two additions last year took…

GrocerMax, founded by Gaurav Juneja and K Radhakrishnan about two years ago, is a hybrid platform for grocery that keeps only 10% inventory, sourcing the rest from supermarkets and provisional stores in real time. The Tata group is buying out the management team and technology infrastructure of Gurgaon-based GrocerMax to enter the online grocery business as consumers increasingly place orders…

MUMBAI: Reliance Retail is launching stores where women can buy apparel, footwear, cosmetics and jewellery and then take the pressure off at a salon or café, all under one roof. Called Project Eve, the experiential stores will stack in-house and global brands and compete with the likes of Shoppers Stop and Lifestyle, two executives involved in the store launch told…

Amid the election season and increasing debate on nationalism, an apparel brand that mainly thrives on Indian cultural celebrations and festivities has quietly overtaken its global peers without preaching what Indians should wear. Vedant Fashion, that owns ethnic brand Manyavar, has posted a net profit higher than Zara, which until last year was the most profitable apparel brand in the…

Click here for original Source - Economic Times Alibaba is currently engaged in talks for a possible partnership with the Indian conglomerate Tata Sons, the holding company of the Tata Group, in order to boost its ecommerce operations in the domestic market. Alibaba Group is looking to set shops in India and has broached Tata Sons in this respect, bussinessinsider.in…

Click Here for Original Source - Seattle Times Until last year, all of Bhanu Priya’s sales of laptop computers came from customers who climbed two floors to her store in a dilapidated New Delhi building. Now, she gets an additional 3,000 orders a month from the Internet and has hired 10 people to handle the new business. Amazon.com, eBay…

Click Here for Original Source - Business Insider If the Alibaba -Tata deal breaks through, this would mark a new high in the Indian online industry. The Chinese ecommerce giant is looking to set shop in India and there is a possibility that it will enter into a partnership with Tata Sons for the same. As per reports, Alibaba Group…

Click Here for Original Source - First Post Competition is hotting up in India's fashion retail segment. Even asseveral global brands like H&M, Gap and Children's Place are finalising their India investment plans,Italian brand Benetton has overtaken Levi's to emerge the largest international fashion brand in the country for the first time last fiscal, a report in TheEconomic Timessaid today.…

Click Here for Original Source - Economic Times MUMBAI: Major Brands, Indian franchisee for over a dozen marquee fashion brands including Mango, Aldo, Charles & Keith and Nine West, is struggling to keep pace with main rivals as its expansion has slowed amid speculations that its promoter is shifting focus to the more lucrative Middle East market. Major Brands —…

Click Here for Original Source -India InfoLine Walmart India’s revenue abated to Rs 2,992.7 crore in 2014, making it decline by 32 per cent and the losses got shrinked further to Rs 232 crore considering no new stores were opened during the year, as per filings with the Registrar of Companies. The wholesale company posted its first ever sales…

Click Here for Original Source - First Post Last month Indian e-commerce giant Flipkart launched its indigenous tablet brand - Digiflip Pro - to take on similar products from competitors like Google and Amazon. The move is the latest in a series of Flipkart initiatives that seem uncannily similar to its biggest market rival, Amazon India. From services launched…

Click Here for Original Source - Economic Times MUMBAI | NEW DELHI: Chinese ecommerce giant Alibaba has approached Tata Sons for a possible partnership as it looks to set up shop in India later this year in a development that looks set to shake up the country's rapidly growing online retail market. Alibaba Group president Michael Evans and global managing…

Click Here for Original Source - BloomBerg That sweet and milky tea concoction called chai is getting an image makeover in India. Driving the change is the other beverage -- coffee. Rising incomes and demand for a refined experience transcending chai are spawning posh tea lounges in the nation’s biggest cities, a transformation mirroring 15 years of coffee revolution…

Click Here for Original Source - BloomBerg That sweet and milky tea concoction called chai is getting an image makeover in India. Driving the change is the other beverage -- coffee. Rising incomes and demand for a refined experience transcending chai are spawning posh tea lounges in the nation’s biggest cities, a transformation mirroring 15 years of coffee revolution that…

Click Here for Original Source - Economic Times MUMBAI: Starbucks, the world's largest coffee retailer, posted per-store sales that were more than two-and-a-half times higher than its largest rival during its second full year of operations in India, thanks to its premium pricing and locations that attract more customers. While losses have narrowed, profitability remains a challenge, with each store…

Click Here for Original Source - Economic Times MUMBAI: Aditya Birla Retail reported a 15% increase in its sales for the last financial year but it continues to pile up losses, according to latest available numbers. The retail arm of the Aditya Birla Group posted Rs 2,893-crore sales for the year ended March 2015 and its losses reduced 5% year-on-year…

Click Here for Original Source - Economic Times MUMBAI: Flipkart posted a loss of about Rs 2,000 crore in the year ended March, amounting to a fifth of its rapidly rising sales, as the country's largest online retailer spent heavily to fund discounts to win customers and stay ahead of rivals Snapdeal and Amazon India while investing in back-end operations.…

Click Here for Original Source - Hungry Forever Big Bazaar, India’s largest supermarket chain, will offer discount schemes in the first 8 days of the month in an attempt to compete with Amazon’s grocery delivery service, Amazon Now. The program will reward customers who purchase goods worth Rs. 2,500 between 1st and 8th of every month with vouchers worth…

Click Here for Original Source - Economic Times MUMBAI | NEW DELHI: India's ecommerce leader Flipkart will drastically scale down contribution of WS Retail, still the largest seller on its platform, to conform with new rules that stipulate no vendor can account for more than 25% of total sales on an online marketplace. This process will take place in…

Click here for original Source - Economic Times “The issuance and allotment for shares up to Rs 500 crore will be in one or more tranches within a period of twelve months,” the filing said. MUMBAI: Aditya Birla Group chairman Kumar Mangalam Birla and his family plan to invest Rs 500 crore in the group's food and grocery business…

Click Here for Original Source - Business World “…more than 90% of the individuals working from cafes end up generating an average bill value for cafes that is equivalent to or more than the per day rental at a business centre.’’ Cafes, Pubs/Bars/Club and Lounges (PBCL) stand to increase revenue by at least 15,000 rupees per person per month according…

Click her for Official Source - Economic Times MUMBAI: Kishore Biyani's Future Group will launch a discount scheme on the first eight days of every month at the country's largest supermarket chain Big Bazaar in the most aggressive attempt yet by a major traditional retailer to compete headon with Amazon and Flipkart that recently entered online grocery retailing. On Friday,…

Click here for original Source - Economic Times The world’s largest retailer is keen to sell food products directly to Indian consumers both by setting up brick-and-mortar as well as online stores. MUMBAI | NEW DELHI: Walmart, the world's largest retailer, is interested in selling food products directly to Indian consumers both by setting up brick-and-mortar as well as…

Click here for original Source - Economic Times MUMBAI: Lifestyle product online retailer Jabong's loss shrank to about a third in 2015 from a year earlier after a clampdown on discounts, which also slowed sales growth to 7%. The fashion retailer posted a gross loss of Rs 46.7 crore on revenue of Rs 869.1 crore, parent company Rocket Internet said.…

Click Here for Original Source - Fibre2Fashion Ruchi Sally, director of Elargir Solutions Pvt Ltd, tells Fibre2Fashion.com about the global fashion and retail industry, its strengths and challenges and the solutions it offers to clients worldwide. What is the size of the global apparel and fashion retail industry? How much of this is claimed by India? The global apparel…

Click Here for Original Source - Fibre2Fashion News Desk The Trans-Pacific Partnership (TPP) was announced earlier this month. As per this agreement, exporters from TPP member countries will get preferential access in the US market vis-a-vis exporters from non-TPP member countries such as India. This would put Indian textile exporters in a disadvantageous position, industry experts have said. The Trans-Pacific…

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